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Gold/Mining/Energy : Solv Ex (SOLVD) -- Ignore unavailable to you. Want to Upgrade?

To: TheDuke who wrote (5863)	7/29/1998 5:10:00 PM
From: JJB	Respond to of 6735

Duke Did not attend the meeting but have also heard that the plan has been approved in a joint teleconference with Canadian Court this afternoon. SEC portion was argued earlier in the day and the judge reportedly chastised SEC with something like "not a leg to stand on" and told them to leave the court as this was none of their business. Solv-ex has come out of bankruptcy with minimal dilution. Very soon we will be turn our shares in for the new certificates. jjb

To: TheDuke who wrote (5863)	7/29/1998 6:51:00 PM
From: WTMHouston	Read Replies (2) \| Respond to of 6735

Duke, unfortunately for Solv, that the bankruptcy judge would not hold up approval of the reorganization because of the SEC lawsuit means little, if anything, about the merits (or lack thereof) of the SEC lawsuit. Additionally, I doubt (but am not certain) that approval of the reorganization plan will have any effect on the SEC's ability to potentially extract a fine from Solv in the lawsuit and it will have no effect as the SEC suit relates to JR and HC. In this context, I doubt that the judge had any magic or additional substanative information that influenced the decision I doubt seriously that the bankruptcy judge's ruling had much of anything to do with the merits of the SEC lawsuit. It was probably based on procedural and standing requirements. It is certainly better for Solv shareholders that the company is coming out of bankruptcy...it is unfortunate (for the shareholders) that there are still legal clouds hanging over the company -- even assuming that there were no factual or business clouds, which, IMO, will continue to exist unless and until Solv begins to generate revenue and earnings. On a slightly different note, has anyone else noticed that it seems that HC and not JR has been making what few public statements there have been? Troy PS - this thread has certainly not lost any of its er, flavor lately....most of the time I read it when I am in the mood to see who is fighting with and picking at who....i.e., late night when serious stuff just wouldn't sink in.....:)

To: TheDuke who wrote (5863)	7/29/1998 10:10:00 PM
From: Gary L Schultz	Read Replies (3) \| Respond to of 6735

The Duke, Raisco is going ahead with the TI substitute? Where did you hear this? Where is SOLV going to get the raw materials for their process - now that they are lease-less? What happened to the SOLV paper company? I figured they would use the TIO2 for themselves now? The judge, and rightly so, told the SEC to leave the court. Their complaints are not germane in the bankruptcy hearings IMO. Fraud is a civil matter and does not fall under the bankruptcy courts jurisdiction. What happened today is about as significant as the death of a bug on my windshield while driving home tonight. I'm sure trenz is shocked by this revelation. Gary